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Metaversion technologies with augmented reality, applied to virtual marketplaces and the possibility of paying with cryptocurrencies - we get the very near future of Web3.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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Goldman Sachs CEO cuts his pay 30% to $25 million.
On this note, are C-level salaries justified in your opinion?
👍 Yes
👎 No
📍 Follow @Coins for the hottest news in crypto.
On this note, are C-level salaries justified in your opinion?
👍 Yes
👎 No
📍 Follow @Coins for the hottest news in crypto.
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IYKYK: Jim Cramer says Bitcoin is being manipulated higher and he wouldn't touch it.
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📍 Follow @Coins for the hottest news in crypto.
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Increasing energy costs, declining hashprice, and capital market tightening made 2022 a perfect storm for Bitcoin miners.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
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A bankruptcy judge gave the thumbs up to bankrupt crypto lender BlockFi to award bonuses to its staff as parr of a retention program.
Earlier this week, we covered BlockFi’s warning about a war for talent. Bonuses, BlockFi argued, will help retain staff who might otherwise be poached to other companies.
The U.S. Trustee and BlockFi’s creditors objected to the move. The judge sided with BlockFi.
Here’s Judge Michael Kaplan: “It offers the debtor and the employee an opportunity to move forward and maximize the estate.”
Today’s hearing also offered details on the headline-sparking disclosure that BlockFi had a $1.2 billion exposure to failed crypto exchange FTX — $200 million more than was previously known.
📍 Follow @Coins for the hottest news in crypto.
Earlier this week, we covered BlockFi’s warning about a war for talent. Bonuses, BlockFi argued, will help retain staff who might otherwise be poached to other companies.
The U.S. Trustee and BlockFi’s creditors objected to the move. The judge sided with BlockFi.
Here’s Judge Michael Kaplan: “It offers the debtor and the employee an opportunity to move forward and maximize the estate.”
Today’s hearing also offered details on the headline-sparking disclosure that BlockFi had a $1.2 billion exposure to failed crypto exchange FTX — $200 million more than was previously known.
📍 Follow @Coins for the hottest news in crypto.
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Justin Sun: A major country will legalize #TRX and its ecosystem tokens as legal tender soon. This is a huge step forward for the legitimacy and mainstream adoption of #TRON and other digital currencies.
Full thread: https://twitter.com/justinsuntron/status/1619382633611563008
📍 Follow @Coins for the hottest news in crypto.
Full thread: https://twitter.com/justinsuntron/status/1619382633611563008
📍 Follow @Coins for the hottest news in crypto.
X (formerly Twitter)
H.E. Justin Sun 孙宇晨 on X
A major country will legalize #TRX and its ecosystem tokens as legal tender soon. This is a huge step forward for the legitimacy and mainstream adoption of #TRON and other digital currencies.
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CZ: Binance Labs evaluated 48 deals/project last week.
Poolz finance X Autofarm $500k strategic investment.
https://twitter.com/autofarmnetwork/status/1619731919759114240
The amount and pace of money projects are raising in every round, the next bull market is going to go through the roof.
📍 Follow @Coins for the hottest news in crypto.
Poolz finance X Autofarm $500k strategic investment.
https://twitter.com/autofarmnetwork/status/1619731919759114240
The amount and pace of money projects are raising in every round, the next bull market is going to go through the roof.
📍 Follow @Coins for the hottest news in crypto.
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CoinTracker, a crypto tax company, has laid off 20% of its staff.
Like other firms in the space that have reduced headcount, CoinTracker cited tough economic conditions. The firm also pointed to overhiring.
"Today we are confronted by the crypto winter, an unstable economy with high inflation and rising interest rates, and additional headwinds with crypto tax regulations," co-founder and CEO Jon Lerner said in a Jan. 26 letter to staff obtained by The Block.
The bulk of the layoffs came from its customer service division. "Before considering letting go of team members, we had systematically optimized all other costs," the company said.
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Like other firms in the space that have reduced headcount, CoinTracker cited tough economic conditions. The firm also pointed to overhiring.
"Today we are confronted by the crypto winter, an unstable economy with high inflation and rising interest rates, and additional headwinds with crypto tax regulations," co-founder and CEO Jon Lerner said in a Jan. 26 letter to staff obtained by The Block.
The bulk of the layoffs came from its customer service division. "Before considering letting go of team members, we had systematically optimized all other costs," the company said.
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One of the co-founders of unicorn web3 startup Yuga Labs is stepping back from day-to-day activities.
Co-founder Wylie Aronow disclosed a congestive heart failure diagnosis and said in a Twitter thread that “[t]he condition is progressing pretty fast and that means I need to make some serious changes.”
Aronow will stay on as a board member and advisor.
“First and foremost, we are focused on giving our friend and colleague Wylie whatever he needs to address his condition,”
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Co-founder Wylie Aronow disclosed a congestive heart failure diagnosis and said in a Twitter thread that “[t]he condition is progressing pretty fast and that means I need to make some serious changes.”
Aronow will stay on as a board member and advisor.
“First and foremost, we are focused on giving our friend and colleague Wylie whatever he needs to address his condition,”
📍 Follow @Coins for the hottest news in crypto.
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The price of $HIGH increase nearly 200% after CZ said on Jan. 28 that binance would prefer to invest in other virtual reality or metaverse games.
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📍 Follow @Coins for the hottest news in crypto.
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Musk Has Said He Wants Twitter Payments to Be Fiat, but Built So That Crypto Functionality Could Be Added: FT
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📍 Follow @Coins for the hottest news in crypto.
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Court rules that the identities of 2 people who secured Sam Bankman-Fried's $250m bail can be made public.
It'll be interesting (surprising?) to see who's behind it.
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It'll be interesting (surprising?) to see who's behind it.
📍 Follow @Coins for the hottest news in crypto.
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Crypto services company Prime Trust laid off one-third of its staff Tuesday, two people familiar with the matter said.
https://www.coindesk.com/business/2023/01/30/crypto-services-company-prime-trust-lays-off-one-third-of-staff
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https://www.coindesk.com/business/2023/01/30/crypto-services-company-prime-trust-lays-off-one-third-of-staff
📍 Follow @Coins for the hottest news in crypto.
CoinDesk
Crypto Services Company Prime Trust Lays Off One-Third of Staff
The cost-cutting measure comes after a rocky start to 2023 for the Las Vegas-based company.
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It was another great month for NFT marketplace newcomer, Blur, as it once again claimed the second spot for NFT marketplace monthly volume on Ethereum behind OpenSea.
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📍 Follow @Coins for the hottest news in crypto.
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Just two months ago, the 7-day moving average of transactions on Flow hit an all time high as the beginning of the World Cup was met with much fanfare on the sports-centric blockchain.
More recently, the chain has seen another surge in activity, bringing daily transactions up to 1.36 million, one of the highest spikes in the network’s history.
Looking at the un-averaged data, there have been 6 days with over 1 million transactions between January 11th and January 25th, and while these spikes aren’t any all time highs for transactions, it is a high concentration of spikes on the network.
New addresses and active addresses also saw upticks but not to the same magnitude as transactions.
The transaction count 7-day moving average has fallen back below 1 million yesterday at 992k.
📍 Follow @Coins for the hottest news in crypto.
More recently, the chain has seen another surge in activity, bringing daily transactions up to 1.36 million, one of the highest spikes in the network’s history.
Looking at the un-averaged data, there have been 6 days with over 1 million transactions between January 11th and January 25th, and while these spikes aren’t any all time highs for transactions, it is a high concentration of spikes on the network.
New addresses and active addresses also saw upticks but not to the same magnitude as transactions.
The transaction count 7-day moving average has fallen back below 1 million yesterday at 992k.
📍 Follow @Coins for the hottest news in crypto.
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CoinShares reports that its inflows last week were at their highest level since last July.
The firm’s digital asset products saw $117 million in inflows last week, of which $116 million was in the form of bitcoin.
Total assets under management climbed to $28 billion, up 43% from November.
Multi-asset investment products saw outflows for the ninth consecutive week totaling $6.4 million.
https://www.theblock.co/post/206711/coinshares-sees-biggest-inflows-since-july-primarily-in-bitcoin
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The firm’s digital asset products saw $117 million in inflows last week, of which $116 million was in the form of bitcoin.
Total assets under management climbed to $28 billion, up 43% from November.
Multi-asset investment products saw outflows for the ninth consecutive week totaling $6.4 million.
https://www.theblock.co/post/206711/coinshares-sees-biggest-inflows-since-july-primarily-in-bitcoin
📍 Follow @Coins for the hottest news in crypto.
The Block
Coinshares sees biggest inflows since July, primarily in bitcoin
Digital asset investment products saw $117 million in inflows last week, of which $116 million was bitcoin.
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